The Ministry of Trade and Industry has recently promulgated the Circular No. 37/2012/TT-BCT dated December 14th 2012 on the import subject to tariff rate quota in the year 2013 on goods items originated from Lao People’s Democratic Republic.

Wine shall be imported into Vietnam through only international border gates. In addition to documents presented to customs agencies during import procedures, import traders must present additional documents such as Appointment or Authorization Document or Agent Contract to certify as distributors, importers of such manufacturers, enterprises. The above contents belong to the Decree No.94/2012/NĐ-CP on wine production business which was issued on November 12th 2012 by the Prime Minister of Vietnam.

According to Vietnam Customs’ trade data, a noteworthy expansion of 9% in Vietnam’s international merchandise trade in comparison with the performance of previous month, which came at US dollars 20.49 billion in value terms, was reported for October 2012. In which, the total merchandise export value was US dollars 10.32 billion, went up remarkably by 8.9% as compared to the performance of September, 2012. By importation, the total value reached US dollars 10.17 billion, went above 9.2% July’s result. As a result, Vietnam’s trade balance was in the surplus of US dollars 156 million in October, 2012

At Circular No. 201/TT-BTC by Ministry of Finance dated 16/11/2012 on guiding tax policy for agricultural products which have not been proceeded yet with investment support of Vietnam, planted in Cambodia and imported back to Vietnam. Accordingly defined as the followings: